Bitcoin at the Macro Pivot: June CPI Reshuffles BTC's Risk/Reward
Bitcoin is trading at $64,941 this morning, up 3.7% over the past 24 hours. The June CPI print, released July 14, came in at 3.5% year-on-year, below the 3.8% consensus and well below May's 4.2% reading. Core CPI held at 2.6%, flat month-on-month. Within hours, CME Fed funds futures repriced the probability of a rate hike at the July 28-29 meeting from 35% to 10%. For the first time in weeks, the macro backdrop is offering more relief than pressure. For Bitcoin, which spent most of 2026 pricing in exactly the scenario that suddenly became less likely, that is a material shift. Key Takeaways June CPI printed at 3.5% year-on-year, below the 3.8% consensus, cutting the July rate-hike probabilit…
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